MANILA, Philippines — A total of P2.3 billion worth of funds under the Interim Reimbursement Mechanism (IRM) of the Philippine Health Insurance Corporation (PhilHealth) have been liquidated so far, according to an official of the state insurer. Renato Limsiaco Jr., PhilHealth senior vice president for the fund management sector, bared this figure as Senate Minority Leader Franklin Drilon questioned officials of the agency over the liquidation of the P14.9 billion funds released under the IRM during the coronavirus disease (COVID-19) pandemic. Limsiaco said the liquidated claims include not just the COVID-19 services in hospitals but also for all claims under the IRM, an emergency cash advance measure for unanticipated events like natural disasters and calamities. Drilon then grilled concerned PhilHealth officials on when the remaining funds that were released under the program will be liquidated. ADVERTISEMENTPhilHealth earlier suspended the provision of funds under the IRM “to review its overall implementation and resolve issues arising from congressional inquiries.”/MUFRead NextEDITORS' PICKMOST READ

Source: Philippine Daily Inquirer August 18, 2020 06:56 UTC